BVI offshore company
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BVI Companies are widely recognized as the oldest offshore financial instruments. The 2005 adjustments to the BVI Business Companies Act introduced the two structure concepts: a domestic company that operates within the BVI and an offshore company, allowing only operations outside BVI.
The BVI Business Company are mostly used for:
The BVI offshore companies enjoy a tax-free status, including exemption on all income tax, dividends, interest, royalties and capital gains. In place of tax, there is a fixed government fee and yearly registered agent fee.